Jacob Funds added Circle (CRCL) to two funds. The firm disclosed the addition in its Q1 2026 investor letter.
Jacob Funds believes USDC adoption is at an "inflection point." The firm states adoption could accelerate significantly in the coming years. It cites the stablecoin's role in blockchain payments and developer infrastructure.
Compass Point downgraded the stock to "Sell" the previous day. The firm cited margin concerns. Shares dropped nearly 10% following that downgrade.
Circle shares showed recovery on April 10th.